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      Suspected Aave team member address sells 50,000 AAVE for 8 million USDC

      PANews reported on October 2 that, according to on-chain analyst Ember's monitoring, an address suspected of belonging to an Aave team member has sold 50,000 AAVE on-chain over the past week, exchanging them for 8 million USDC at an average price of $160. The address received 108,000 AAVE from the Aave Team wallet vesting between October 2020 and October 2021, and still holds 30,000 AAVE ($5.5 million) after selling 50,000.


      Source: PANews
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      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud